The Csi Companies, Inc. 401(k) Review & Grade
The Csi Companies, Inc. 401(k) Profit Sharing Plan and Trust
Jacksonville, FLAdministrative, Support & Staffing Services2,357 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$272Employer $ per active participant
$2,210Employee $ saved per active participant
0.96%Direct admin cost, % of plan assets
$24.6MNet plan assets, end of year
$6,906Average balance per account
Score breakdown
- Employer generosity16.6 / 5033th percentile for employer $ per participant
- Low cost1.7 / 257th percentile for low admin cost vs. same-size plans
- Employee saving8.3 / 1556th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 33th |
| Lower admin cost | 7th |
| Employee saving | 56th |
| Peers that auto-enroll | 27% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Csi Companies put in about $272 per active participant, below the typical peer ($712). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.96% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $640,219 |
| Participant (employee) contributions | $5,208,593 |
| Other contributions (incl. rollovers in) | $580,129 |
| Administrative expenses paid from the plan | $218,212 |
| Contract administrator fees | $218,212 |
| Benefits paid out | $5,406,048 |
| Net assets, start / end of year | $20.9M / $24.6M |
| Active participants, start / end of year | 2,755 / 1,959 |
| Participants with account balances | 3,565 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ennis, Pellum, & Associates, PA |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $134,575 reported compensation |
| Pension Solutions, Inc | $91,868 reported compensation |
| Mai Capital Management, LLC | $52,612 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015151439NAL0010322610002, received 2025-10-15, EIN 59-3270426, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.